Global DMS Blog

In today’s fast-paced market environment, it’s vital that you take the necessary steps to ensure that your valuation management process is both efficient and effective. Ignoring this important component of the loan origination process will only lead to delays—and potentially more costs—that could be avoided.

Facebook recently announced some major changes to its advertising platform after being accused of enabling discrimination. The social media giant has faced years of scrutiny over its ad practices, which appeared to allow advertisers to exclude certain individuals from seeing housing, employment, and/or lending ads.

Housing prices and home equity have steadily climbed since 2012, creating an increased demand in HELOCs from homeowners looking to cash in. With this demand expected to grow over the coming years, lenders have been presented with a unique opportunity to take advantage of these loan-types – especially as refinances continue to dwindle.

Text messaging is an efficient form of communication that most individuals utilize every day to instantly communicate important information. Even with this fact, many valuation management platforms have failed to adopt this common utility into their software and workflows.

Technology integrations help ensure process efficiency by providing users with seamless access to valuable data. At Global DMS®, we understand the importance of these integrations and strive to provide the data you need when you need it for all your valuations.

Several Democrats in both the Senate and House of Representatives have introduced a new bill to bring back an old Dodd-Frank reporting requirement on loan quality criteria, which was repealed last year when Republicans controlled each chamber of Congress.

New Hampshire’s House of Representatives recently passed HB 270, which has been sent to the Senate for consideration. If officially passed into law, the new bill would create a judicial foreclosure process within the state.